Innovative Solutions & Support Inc (ISSC): Kelly Cardwell And Central Square Management Boost Stake to 5.19%

Kelly Cardwell, the manager of Central Square Management, is bullish on Innovative Solutions & Support Inc (NASDAQ:ISSC) and has increased his fund’s stake in the company. According to a recent filing with the Securities and Exchange Commission, Central Square has added 500,892 shares of Innovative Solutions & Support Inc (NASDAQ:ISSC) to its previous position, taking it to approximately 875,400 shares, which represent 5.19% of the company’s common stock.

Innovative Solutions & Support Inc (NASDAQ:ISSC)

Chuck Royce is also keeping an eye on Innovative Solutions & Support Inc (NASDAQ:ISSC), with his fund holding approximately 142,800 shares valued at $1.06 million. Mario Gabelli and GAMCO Investors are also invested in this stock, with the fund reporting ownership of 88,000 shares worth $655,000 in its latest 13F filing. Jim Simons, on the other hand, had decided to reduce his fund’s stake in Innovative Solutions & Support Inc (NASDAQ:ISSC). Renaissance Technologies now holds 146,800 shares, down 10% during the quarter, worth roughly $1.09 million.

A manufacturer of flight guidance and cockpit display systems, Innovative Solutions & Support Inc (NASDAQ:ISSC) has a market cap of $90.7 million and does not pay a dividend. The stock is traded at a trailing Price to Earnings (P/E) ratio of 44.38, while the forward P/E of 13.42 suggests market participants expect the company to flex its earnings muscles. For the second quarter of 2014, Innovative Solutions & Support Inc (NASDAQ:ISSC) has announced revenues of $10.6 million and earnings of $0.03 per share. Analysts expect the company to register the same amount of revenues, but the earnings per share are expected to grow to $0.05.

Kelly Cardwell is optimistic about the prospects of PICO Holdings Inc (NASDAQ:PICO) and has boosted his investment by 177% during the second quarter. Central Square Management’s stake amasses roughly 279,600 shares valued at $6.64 million, according to its latest 13F filing. Cardwell is also bullish on Apple Inc. (NASDAQ:AAPL), having initiated a position during Q2. Central Square currently holds 27,344 shares worth approximately $2.54 million.

Disclosure: none.